Looking to diversify beyond PGHY? The ETFs below have the lowest correlation with PGHY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PGHY.
Best Diversifiers for PGHY
358 ETFs have low correlation with PGHY (below 0.3), 40 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.31 | -0.05 | 0.00 | 55 | Oil & Gas | PGHY vs UGA | |
| ProShares UltraShort Yen | -0.26 | -0.19 | -0.17 | 63 | Leveraged Currency | PGHY vs YCS | |
| VanEck Commodity Strategy ETF | -0.21 | -0.00 | — | 57 | Commodities | PGHY vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.18 | 0.00 | 0.07 | 55 | Commodities | PGHY vs FTGC | |
| First Trust Alternative Absolute Return Strategy E... | -0.16 | -0.02 | -0.02 | 75 | Commodities | PGHY vs FAAR |
See all 1456 diversifiers for PGHY
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